The 3 Best Electricity Plans in Dallas
As Texas and the rest of the nation struggles with the new energy crisis, the price of electricity seems to increase continually. And for most Texans, it’s very difficult to find a cheap electricity plan right now. Still, when push comes to shove, if you need to shop, a fixed-rate plan is still way-better than a month-to-month variable rate plan. So, let’s compare three competitive Dallas electricity plans that will keep your lights on and how to maximize your savings when the energy crisis improves.
Fixed Twelve Month Electricity in Dallas
The best 12-month fixed-rate plan in Dallas right now is Energy Texas’ Come and Take It 12. This plan has an average price of 16.9 cents per kWh. This includes the $4.95 base charge, the 11.65 cents per kWh energy charge, TDU, and market securitization charges. If your usage is 1000 kWh per month, your bill estimate with this plan would be $164.
Champion Energy’s Champ Saver 12 isn’t too far behind either, with a $169 monthly bill estimate. This plan doesn’t have a base charge, but the 12.7 cents per kWh energy charge means that the average price of this plan is 17.4 cents per kWh with delivery charges.
Rhythm’s TX Breeze 12 is more expensive, with an average price of 19.2 cents per kWh. It has a considerably higher base charge of $8.95. With the TDU charges and the higher energy charge of 13.5 cents, your average monthly bill could be $178. So, this plan may not seem like a good option at first.
But, the TX Breeze 12 has a favorable early termination agreement that may make it more lucrative in the longer run than Champ Saver 12 or Come and Take It 12.
The Energy Market May Bounce Back
While gas prices continue to run high, there’s light at the end of the tunnel. The US Energy Information and Administration forecasts that gas prices may get cheaper by April 2023. This means that the price of electricity may also be better in the upcoming Spring shoulder months. The combination of lower natural gas prices and shoulder months means that will be the ideal time to shop for a plan.
But, since that’s almost 8 months away, what should you do if you need an electricity plan ASAP?
Check the Early Termination Fee
If prices drop, you can terminate these plans early for a fee, and switch to a better deal.
Come and Take It 12 has an early termination fee of $250. In comparison, Champ Saver 12’s fee is only $150. But even that’s not as good as TX Breeze 12’s.
If you terminate early, the Rhythm TX Breeze 12 would only charge you $10 for every remaining month left in your contract. If you cancel your plan in April 2023 with five months left, you’d only pay $50. So, while your bill may be higher monthly, you’ll save more in the long run if you choose a favorable early termination fee plan.
Find Your Dallas Electricity Plan
Whether your current plan’s expiring or it already expired, signing up to one of these three plans is definitely better than staying on the month-to-month variable plan. You have the power to choose the best electric deal for your home.
Visit https://www.texaselectricityratings.com/ to find all the available plans, compare them, and choose the best one for your home.